Lee begins trading on 1 January 2017 preparing accounts to 31 December each year. His adjusted trading
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Lee begins trading on 1 January 2017 preparing accounts to 31 December each year. His adjusted trading profit for the year to 31 December 2017 (before capital allowances) is £21,000 and capital allowances of £1,200 are claimed for that year. Com pute his trading income for 2016-17 and 2017-18.
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The adjusted trading pr ofit for the year to 31 December 2017 af...View the full answer
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